By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Monday said it has extended the new licensing requirement for operators of Bureau De Changes (BDCs) to July 31, 2014. The CBN in a statement by Kevin Amugo, director, financial policy and regulation department said the apex bank based […]
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Wema Bank secures $50 Million Trade Lines Credit, $20 Million for SMEs
Press Release As Wema Bank continues its strong growth path to recovery, the bank recently secured over $50 million dollars in trade lines from various foreign correspondent banks and development finance in excess of 20 million dollars to support SMEs amongst others. Through these development, the bank has reaffirmed its […]
CBN Raise Capital Base of Bureau de Change to N35 million
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) on Monday issued a new minimum capital requirement of N35 million for bureau de change (BDC) operators in Nigeria. This is contained in a statement by Isaac Okoroafor for director, corporate communications department of the CBN and posted on […]
